529 Plan Eligible Expenses

In my previous videos, I covered what a 529 plan is, and explained their advantages and disadvantages. Today, we're diving a little deeper about this amazing plan and the extensive list of its eligible expenses.
0:00 Introduction
1:54 529 Qualified expenses: what can you use 529 money for?
6:48 Provision of a 529 plan: the adjusted qualified education expense (AQEE)
7:14 How do you calculate qualified education expenses?
7:37 Non-qualified expenses of a 529 plan: what you can't pay for with a 529 plan
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DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS TAX, FINANCIAL, OR LEGAL ADVICE. EVERY PERSON’S SITUATION IS DIFFERENT AND YOU SHOULD CONSULT WITH YOUR OWN FINANCIAL AND TAX ADVISOR FOR ADVICE SPECIFIC TO YOUR SITUATION. COMMENTS ARE NOT REVIEWED

[@ACapReCap]

ACap will not respond to comments seeking tax or financial advice. Please consult a CPA or CFP who is familiar with your individual circumstances.

[@JohnPaul-ol5zl]

Can you provide the link to the video that speaks on the Benefits of a 529 Plan?

[@ACapReCap]

ruclips.net/video/AoSp-7P9GLY/видео.html

[@nikhildeshpande1412]

why does 1099-Q - Box 2 Earnings ? shows amount figure and Are they taxable ?

[@tongtongwang]

can I only withdraw the contribution portion NOT the earning portion? Thanks

[@mikegogel381]

I thought you said that off campus meals or groceries aren’t covered by the 529 plan. Is that correct? I know google is not always right but when I googled “are my child’s off campus food covered by the 529 plan” it said Yes.

[@TheK9Shepherd]

I believe that you can cover what ever on-campus plans would be. Meaning if the school says it will cost $10k for your child to live on campus, then you can use 10K from the 529 to help pay for off campus housing. Then if the school says a mean plan is another $5k for the year, you can then use 5k from your 529 to pay for that as well. Some colleges lump that into one line item. So the school might say it costs 10k for on campus housing AND meal plan. So that's all you can pull from the 529.